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What is the number of shares Demich should use

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Reference no: EM132534468

Question - The following information pertains to Demich Company's outstanding stock for 2020:

Common Stock, $1 Par

Shares Outstanding, 1/1/2019 10,000

2 for 1 stock split, 4/1/2019 10,000

Shares Issued, 7/1/2019 5,000

Preferred Stock, $100 par, 7% cumulative

Shares outstanding, 1/1/2019 4,000

Required - What is the number of shares Demich should use to calculate 2020 basic earnings per share?

Reference no: EM132534468

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